Citing examples of 'triple talaq' and the practice of 'marrying four wives' in Islam, Bharatiya Janata Party (BJP) leader Subramanian Swamy on Saturday described Swamy Prasad Maurya's comments on Muslim women as 'correct', asserting that there is no gender equality and women have third class status in Islamic religion.

Swamy told ANI, "There is no doubt that in Islamic practice and preaching women have been given second or third class status. Triple talaq, marrying four wives tradition are examples of that."

S S Rajamouli's magnum opus "Baahubali 2: The Conclusion netted over Rs 100 crore at the ticket window in the country on release day. Trade sources say this is the best ever opening for an Indian film. Even filmmaker Karan Johar expressed his joy over the massive opening of the film.

According to trade analyst Taran Adarsh, the Hindi version of the film collected Rs. 36.54 crore.

New Delhi: At a time when addition of coal-fuelled power generation capacity has come to a standstill globally, India is seeing a race to the bottom in solar power prices.

The latest was the record low tariff of Rs3.15 per kilowatt hour (kWh), quoted by France’s Solairedirect SA on 12 April to win the rights to set up 250 megawatt (MW) of solar plants at Kadapa in Andhra Pradesh and sell power to state-run NTPC Ltd. The tariff is expected to fall below Rs3 a unit during auctions for the Bhadla solar parks in Rajasthan.

An investment to the tune of Rs 50,000 crores is being undertaken for revival of closed fertiliser plants and setting up of gas pipeline network to connect Eastern India to the National Gas Grid, according to Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas.

The government is in process of reviving four major fertiliser plants - Gorakhpur, Barauni, Sindri and Talcher, for enhancing domestic fertiliser production and ensuring availability which will give an impetus to the vital agricultural sector there by aiding the Second Green Revolution.

MUMBAI: Benchmark sensex fell over 111 points to close at 29,918.40 on Friday as investors booked profits amid mixed global trends.

Despite opening higher, the 30-share index stayed in the negative zone for most of the session and slipped below the key 30,000-mark to touch a low of 29,848.21. It finally settled 111.34 points, or 0.37 per cent, lower at 29,918.40.

The Securities and Exchange Board of India’s (Sebi) decision to allow options trading in commodity derivatives comes as a shot in the arm for farmers, who can now look to a wider portfolio of derivatives to hedge risks in their produce better. Although detailed guidelines are yet to be out, market participants say even the cost of trading in commodity options (both farm and non-farm items) will likely be only a fraction of that for trading in futures.

HDFC Securities has maintained its BUY rating on Maruti Suzuki India Limited (MSIL), stating that it believes in the growth story of India’s largest car manufacturer. “With 20% EPS CAGR over FY17-19E and structural improvement in RoE (at close to 25% by FY19E v/s 10 year average of about 17%), we maintain a BUY on MSIL with a target price of Rs 7,070, based on 20 times multiple of FY19E EPS,” HDFC Securities said in a research report.

MUMBAI: Private sector lender Kotak Mahindra Bank(KMB) today announced that it is buying out British partner Old Mutual's entire 26 per cent stake in its life insurance arm for Rs 1,292.7 crore.

"In line with its philosophy to deepen and expand in Indian financial services, KMB has entered into an agreement to purchase the entire 26 per cent equity stake held by Old Mutual in Kotak Mahindra Old Mutual Life Insurance for a consideration of Rs 1,292.7 crore," the bank said in a statement.

South Korean auto major Hyundai on Friday opened its global quality centre in India with an aim for its operations here to play a bigger role in new product development for domestic and international markets.

Named India Quality Centre (INQC), the centre is one of the five Hyundai quality centres worldwide after the US, Europe, China and the Middle East.

Two-wheeler major TVS Motor has earned patent related to a power propulsion system for a hybrid two-wheeler.

The application was filed on 2008 with the Chennai Patent Office making claims related to a power propulsion system for a hybrid two-wheeler provided with a hub motor.

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